{"iri":"http://lmss.sali.org/RDTPef6LjCeQg2TUb7aY88W","id":"RDTPef6LjCeQg2TUb7aY88W","label":"Prevailing Wage","definition":"The \"Prevailing Wage\" is the hourly wage, typically established by government authorities, that is paid to workers in a specific locality or industry for a particular type of labor. It is intended to ensure that workers on government-funded projects or in certain sectors receive a fair and competitive wage, often based on the average wage rates for similar work in the region.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RhBgnef56iLBXYfPqWQE41","label":"Financial Concepts and Metrics"},"parents":[{"iri":"http://lmss.sali.org/RiYwKEna4NZ311TVYJ2yCj","id":"RiYwKEna4NZ311TVYJ2yCj","label":"Wage"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RDTPef6LjCeQg2TUb7aY88W/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}